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Sectoral explanations of employment in Europe: the role of services

D’Agostino, Antonello; Serafini, Roberta; … - 2006

This paper investigates the determinants of the service sector employment share in the EU-15, for the aggregate service sector, four sub-sectors and twelve service sector branches. Recently, both Europe and the US have experienced an increase in the share of service-related jobs in total...

Persistent link: https://www.econbiz.de/10011604671

The Employment Consequences of SMEs’ Credit Constraints in the Wake of the Great Recession

Cornille, David - 2017

This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the wake of the Great Recession. Variability in banks'...

Persistent link: https://www.econbiz.de/10012940882

The macroeconomic effects of a carbon tax to meet the U.S. Paris Agreement target: the role of firm creation and technology adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - 2021

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

Persistent link: https://www.econbiz.de/10012519987

The Effects of Monetary Policy on Unemployment Dynamics Under Model Uncertainty : Evidence from the US and the Euro Area

Altavilla, Carlo; Ciccarelli, Matteo - 2021

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …

Persistent link: https://www.econbiz.de/10013316324

What are the Main Obstacles to Hiring after Recessions in Europe?

Savsek, Simon - 2021

This paper assesses the relative importance of perceived obstacles to hiring workers on a permanent basis faced by EU firms and studies how they depend on firm’s characteristics. Findings suggest that the main obstacles to hiring in Europe are high uncertainty, shortage of skilled labour, high...

Persistent link: https://www.econbiz.de/10013315423

Patterns, trends and policy implications of private spending on skills development in Mexico and the United States

Székely, Miguel; Mendoza, Pamela - 2017

This paper explores families' investment in skills development through education in a high-inequality, low-education quality country such as Mexico, comparing it to a lower-inequality, higher-quality education country such as the United States. The paper uses a series of high-quality Household...

Persistent link: https://www.econbiz.de/10011661892

Real price and wage rigidities in a model with matching frictions

Kuester, Keith - 2007

This paper incorporates search and matching frictions in the labor market into a New Keynesian model. In contrast to the literature, the labor market activity takes place in the (Calvo-staggered) price-setting sector. Matching frictions lead price-setting firms to negotiate wage rates with their...

Persistent link: https://www.econbiz.de/10011604766

The cyclical behavior of equilibrium unemployment and vacancies revisited

Hagedorn, Marcus; Manovskii, Iourii - 2008

-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation …

Persistent link: https://www.econbiz.de/10011604899

The effects of monetary policy on unemployment dynamics under model uncertainty: evidence from the US and the euro area

Altavilla, Carlo; Ciccarelli, Matteo - 2009

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …

Persistent link: https://www.econbiz.de/10011605135

An area-wide real-time database for the euro area

Giannone, Domenico; Henry, Jérôme; Lalik, Magdalena; … - 2010

This paper describes how we constructed a real-time database for the euro area covering more than 200 series regularly published in the European Central Bank Monthly Bulletin, as made available ahead of publication to the Governing Council members before their first meeting of the month. We...

Persistent link: https://www.econbiz.de/10011605191